Latest data from the Mortgage Bankers Association for the week ending 26 November 2021 Market index 604.2 vs 651.3 prior Purchase index 310.7 vs 295.7 prior Refinancing index 2,304.5 vs 2,706.2 prior 30-year mortgage rate 3.31% vs 3.24% prior A couple of things to note in the report, the first being that the steep fall
admin
MELBOURNE: Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant. U.S. West Texas Intermediate (WTI) crude futures rose 78 cents, or 1.2 per cent, to $66.96 a
Recruiters speak with potential applicants during a job fair in Leesburg, Virginia, on Oct. 21, 2021. ANDREW CABALLERO-REYNOLDS | AFP | Getty Images Claims for unemployment benefits dipped to their lowest point in more than 50 years the week before Thanksgiving — a remarkable rebound from the nosebleed levels earlier in the Covid-19 pandemic. The
In this article BIRD A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds said Tuesday that its third-quarter revenue rose 33% from last year, while its losses widened as the cost of opening stores and listing its
USD/CAD witnessed some selling on Wednesday and retreated further from an over three-month high. Rebounding oil prices underpinned the loonie and exerted pressure amid a subdued USD demand. Investors now eye the OPEC meeting, US macro releases and Powell’s testimony for a fresh impetus. The USD/CAD pair edged lower through the early European session and
When Tony Richards, the Head of Payments Policy at the Reserve Bank of Australia (RBA), read the recent survey results from Finder’s Crypto Report saying that almost one in five Australians owned crypto, he didn’t believe it for a second. However, the results had already been widely published around the country, gracing headlines for weeks.
Despite concerns over the new coronavirus variant Omicron, Fed Chair Jay Powell’s testimony before the Senate was hawkish. He suggested that the Fed could accelerate the tapering of asset purchases in order to curb strong inflation. US dollar extended rally against major currencies, with the exception of Japanese yen and Swiss franc. The testimony is
Fed Chair shifts his bias The Fed Chair shifted his bias toward the hawkish side getting rid of the “inflation is transitory” statement and plugging for a faster taper as well. The major indices all fell sharply with the small-cap Russell 2000 and S&P index leading the way (although the Dow and NASDAQ were also hit hard). The final numbers are showing: Dow
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
MELBOURNE: Oil prices climbed on Tuesday, extending a rebound from last week’s plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant. U.S. West Texas Intermediate (WTI) crude futures jumped 99 cents, or 1.4 per cent, to $70.94 a barrel
Daniel Acker | Bloomberg | Getty Images Home prices are still considerably higher than they were a year ago, when the pandemic caused a massive run on housing, but the gains are finally starting to ease up. Home prices rose 19.5% in September year over year, down from a 19.8% annual gain in August, according
In this article CRM Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce. Kim Kulish | Corbis News | Getty Images Salesforce reported fiscal third-quarter earnings on Tuesday for the period ending Oct. 31, beating Wall Street expectations on earnings and sales. But shares fell over 6% in extended trading after earnings
The 180 Phase Changer Is The ULTIMATE Forex Trading Strategy On SmartCharts! Check Out My FREE Webinar, The “Insider” System To Make A Killing With Forex – ►https://bit.ly/3DD7TU6 GET THE TRADING PLATFORM I USE: ► https://smartcharts2.com/youtube Get Your FREE Ultimate Traders Cheat Sheet Here – https://bit.ly/3gAl24j Watch over my shoulder as I take you through
Consistent Forex Strategy[FULL] | FTMO Strategy 2021 |🔥 💥FULL COURSE/MENTORSHIP(working to get every student-funded in 8 weeks) 👉 https://tradinglp.com/ (message me on Instagram after signing up) In this video, I break down the Forex strategy that allowed me to make 30k in one month and get interviewed by FTMO. This strategy allowed me to quit
EUR/USD collapsed from 1.1370s down to 1.1240s on Jerome Powell’s hawkish remarks against the US Senate Committee on Banking and Housing. Fed’s Powell: “I will talk about speeding up taper at the coming Fed meeting.” The EUR/USD plummeted during the New York session, on Federal Reserve Chairman Jerome Powell, remarks against the Senate Committee on
Overall market sentiment is stable, with major Asian indexes mixed, following the recovery in US stocks overnight. Yen and Dollar soften slightly after turning into consolidations, but Swiss Franc is still strong. Commodity currencies are mixed with no follow through buying with the current rebound attempt. In other markets, Gold is struggling in tight range
10-year Treasury yields approaching a key technical crossroads US 10-year yields are now down over 10 bps on the day to 1.42% and that is bringing things closer to a key technical region around 1.415%. The November low and the 100-day moving average (purple line) resides at the level so a break below that could
Regeneron and Lilly antibody drug cocktails reportedly lose effectiveness against the omicron variant Invest in yourself. See our forex education hub. This according to a WSJ report, with Regeneron saying that its COVID-19 antibody drug cocktail was found to lose effectiveness against omicron based on preliminary tests. Adding that perhaps there needs to be a